Elon Musk – ‘Cryptocurrency is Promising, But Please Invest With Caution,’

Elon Musk – ‘Cryptocurrency is Promising, But Please Invest With Caution,’

Elon Musk, the CEO of Tesla and SpaceX, has been a key proponent of the recent surge in interest in dogecoin, according to analysts, as he consistently tweets about the cryptocurrency.

Musk, however, had a new message for his 53 million Twitter followers ahead of his appearance on “Saturday Night Live” on May 8: “Cryptocurrency is promising, but please invest with caution!”⁠

Musk also shared a video from a February interview with TMZ in which he expressed the same sentiment.

Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq

— Elon Musk (@elonmusk) May 7, 2021

“To be clear, people should not invest their life savings in cryptocurrency,” Musk told TMZ. “That’s a bad idea.” “If you want to speculate and have some fun,” he said, “there’s a good chance that crypto is the future currency of Earth.” Then it’s like, which one will it be? Perhaps there will be several. But it’s all conjecture at this point.”

Also Check: Elon Musk’s Tweet Causes Massive Price Dip of Bitcoin